EXPLAINS FOR LOWER RESULT IN Q3/97

02 December 1997
Loxley Plc indicated causes of dropping result compared year-on-year as follows: 1. Accusing the managed float, the company recorded Bt2,282.54 m value of foreign exchange loss. 2. Continuing from abovementioned, reserves for future redemption of CDs overran by Bt162.42 m. 3. Reserves for accounts and inventories headed Bt183 m upward amid economic slump. 4. Profits from subsidiaries and joint ventures were recorded Bt328.95 m lower.